Kaeding Nathaniel J 4

What Happened
Nathaniel J. Kaeding, a director of MidWestOne Financial Group (MOFG), recorded dispositions of MOFG stock on Feb 13, 2026 as part of the merger with Nicolet Bankshares (NIC). The filing shows two dispositions to the issuer: 9,239.41 shares and 408 shares (total 9,647.41 MOFG shares). No cash sale price is reported because MOFG common stock was canceled at the merger Effective Time and converted into NIC common stock under the merger terms.

Key Details

• Transaction date: 2026-02-13; Form 4 filed 2026-02-17.
• Dispositions: 9,239.41 MOFG shares and 408 MOFG shares (total 9,647.41 MOFG shares). Price: N/A (shares were canceled/converted in the merger).
• Merger conversion: each MOFG share converted into 0.3175 NIC shares — the total converts to roughly 3,063.05 NIC shares (9,647.41 × 0.3175).
• RSU treatment: outstanding MOFG RSU awards were fully vested, canceled and converted into NIC shares per the merger agreement (less any tax withholding).
• Footnote: shares reported had increased by 211.703 due to dividend reinvestment since the last Form filing.
• Filing timeliness: Form 4 reports the Feb 13 transaction and was filed Feb 17; the filing itself does not state a late filing code.

Context
This was a corporate merger-driven conversion (disposition to the issuer), not a market sale by the director. The economic value to the insider depends on the market value of NIC shares received under the 0.3175 exchange ratio and any tax withholdings applied to converted RSUs. For tracking ongoing insider exposure, monitor holdings and filings under Nicolet Bankshares (NIC).